Business Buzz: Employers needed for veterans job fair

Employers needed for veterans job fair

Area employers with job openings are sought to participate in the Northwest Louisiana Veterans' Job & Resource Fair set for 10 a.m. to 2 p.m. May 17 at the Bossier Civic Center, 620 Benton Road, in Bossier City.

The event, which is expected to attract more than 500 veterans and military personnel looking for jobs, is being sponsored by the Louisiana Workforce Commission, Coordinating and Development Corporation and the cities of Bossier and Shreveport at no cost to participating employers and groups, a news release states.

Fitch restores Ford credit to investment grade

DETROIT - The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.

But Ford Motor Co. needs another agency, either Standard & Poor's or Moody's, to make the same upgrade before it can get its blue oval logo, factories and other assets out of hock.

Ford lost its investment grade status in 2005 when it was racking up billions in losses as the SUV and truck boom went bust.

The company mortgaged most of its assets, including the highly recognized oval, to borrow $23.5 billion the following year. That allowed Ford to revamp its cars and trucks and - unlike rivals GM and Chrysler - avoid bankruptcy protection.

Investment grade means a company's debt has a low risk of default, while junk status is considered poor credit quality.

Boyd Gaming returns to a profit in 1st quarter

LAS VEGAS - Casino operator Boyd Gaming Corp. returned to a profit in its first quarter because of growth at properties outside of Nevada. The Las Vegas company's results topped Wall Street's expectations and its shares climbed in premarket trading.

Boyd said it earned $5.9 million, or 7 cents per share, from January through March. That compares with a loss of $3.5 million, or 4 cents per share, a year ago.

Removing preopening expenses and other items, earnings were 10 cents per share, edging past the profit of 9 cents per share that analysts surveyed by Fact Set expected.

Revenue climbed 12 percent to $633.1 million from $564.9 million as customers spent more on gambling, food and beverages and hotel rooms.

- From Staff & Wire Reports

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Business Buzz: Employers needed for veterans job fair

Area employers with job openings are sought to participate in the Northwest Louisiana Veterans' Job & Resource Fair set for 10 a.m. to 2 p.m. May 17 at the Bossier Civic Center, 620 Benton Road, in